renminbi

[ren-min-bee]

noun, plural ren·min·bi.

the currency of the People's Republic of China, the basic unit of which is the yuan.

Origin of renminbi

1955–60; < Chinese rénmínbi, equivalent to rénmín people + bì currency

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for renminbi

Contemporary Examples of renminbi

The lower the value of the renminbi, the cheaper Chinese exports and the more expensive the American exports.
Obama's China Summit Woes
Leslie H. Gelb
January 16, 2011
When Beijing pays for those dollars with renminbi, it inflates its own money supply.
Showdown in Seoul
Gordon G. Chang
November 10, 2010
Beijing needs to be concerned that a weakened Obama will be in no position to veto legislation targeting the renminbi.
Obama's Apology Tour
Gordon G. Chang
September 5, 2010
Up until then, the Chinese central bank had pegged the value of the renminbi to the dollar.
Obama's Apology Tour
Gordon G. Chang
September 5, 2010
By keeping the renminbi artificially low, the central government makes Chinese exports cheap in foreign countries.
China's Currency Ploy
Gordon G. Chang
June 21, 2010

British Dictionary definitions for renminbi

renminbi

renminbi yuan

noun plural renminbi

another name for the Chinese yuan

Word Origin for renminbi

Chinese renmin people + bi currency

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for renminbi

currency introduced 1948 in China, from Chinese renminbi, from renmin "people" + bi "currency."